Gucci, Prada, and Burberry are no longer in Vogue as ‘richcession’ bruises luxury sales March 20, 2024 A profit warning from the parent brand of Gucci has sunk the share price of not only the brand but also its rivals, in the latest sign that luxury designers are falling out of fashion with investors.
More misery for retail as footfall slips to lowest level since pandemic on wet weather and strikes March 1, 2024 Unpredictable British weather has yet again been blamed for hurting trade on UK high streets. According to a report by the British Retail Consortium (BRC), footfall recorded in February slumped to the lowest since the pandemic, falling 9.3 per cent against a 2.3 per cent decline the prior month. Some 23mm of rain fell across [...]